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Insurely launches Investment Data Access to provide banks and financial institutions with real-time access to consumer investment savings data.

Written by Mikaela Hamrén | Aug 20, 2024 7:36:39 AM

Europe's leading open finance provider, Insurely, announces the launch of a new product, Investment Data Access. A solution that  enables banks and other financial institutions to gain real-time access to data on their customers' investments, covering various investment categories such as stocks, and mutual funds held in securities accounts, custody accounts, investment savings accounts, and endowment insurance. The solution is powered by the upcoming open finance regulation, which aims to give consumers greater control and understanding of their financial data.

By accessing detailed and standardized data on consumers' investment portfolios, Investment Data Access provides a comprehensive view of consumer behavior related to their investments, creating new opportunities for both banks and financial institutions to offer better advice. The solution  simplifies the process of gathering and transferring investments from one institution to another. The data collection takes an average of 15 seconds.

When combined with pension and insurance data, Investment Data Access allows banks and financial institutions to provide a full financial service offering to their customers.

"In today's financial landscape, we've seen an increasing need for greater transparency and control over personal finances. Through Investment Data Access, we can offer consumers a more extensive overview of their financial assets, such as investments, non-life insurance, and pensions, all through one  single platform. By addressing consumers' needs for clarity, transparency, and control, we enable our customers to offer tools that help people make informed, confident decisions about their long-term financial well-being." says Rafael Cappelletti, CPO at Insurely.

Investment Data Access allows banks and financial institutions to offer a more efficient and personalized experience, where consumers can manage their investment portfolios in one place. With deeper insights into consumers' investments, financial institutions can use Investment Data Access to enhance both consumers' financial planning and their ability to make informed decisions.

About Insurely:
Insurely offers real-time data sharing of insurance, pension, and investment data through APIs and user-friendly solutions for open finance, with the goal of making insurance, pensions, and investment management more accessible and easier to understand. Insurely's technical solutions enable insurance companies and banks to provide their customers with greater insight and knowledge about their insurance policies, occupational pensions, and investment portfolios. Insurely was founded in 2018 with the vision of making insurance more accessible and understandable for everyone.